SMIC in Red Ink

choi

(1) Dylan McGrath, SMIC Slipped Back Into the Red in 2011‎. EETimes, Mae 29, 2012
http://www.eetimes.com/electroni ... nto-the-red-in-2011
(a loss of $245.6 million for 2011, including $165.6 million in 4Q11 alone)

Note: There was a board fight last year.

(2) Paul Mozur, SMIC Swings To Loss As Customers Switch To More Advanced Chips. Dow Jones Newswires, Mar 29, 2012
http://online.wsj.com/article/BT-CO-20120329-711214.html
("Semiconductor Manufacturing International Corp. (SMI) said Thursday it swung to a loss of US$245.56 million in 2011 because of falling revenue as customers switched to more advanced chips")